YouTube launches streaming TV service

YouTube (GOOG -0.7%, GOOGL -0.6%) has announced YouTube TV, a live linear TV streaming service that it will offer for $35/month.

Google (GOOG) launched YouTube TV on Tuesday, which will cost $35 a month and offer access to content from broadcast networks as well as YouTube.

YouTubesaid the new service will be available soon in the largest US markets and quickly expand to cover more cities across the country.

At an event in California, YouTube has just announced that it's entering the world of streaming TV. The service would include the four major networks-ABC, CBS, FOX, and NBC-along with 30 other cable channels for $35 a month. The service also includes all YouTube Red Originals, and works on Android, iOS, and Chromecasts/Chromecast-compatible TVs.

YouTube's audience of millennial viewers love TV content, "but they don't want to watch it in the traditional setting, in the living room, waiting for their favorite show to come on". That price also covers SIX different accounts, so each member of your family can have a personalized account.

It will also be able to stream through Google's Chromecast. Already in the market are Sling TV, Sony PlayStation Vue and AT&T's DirecTV Now. Features include a cloud DVR with unlimited storage, machine learning-powered recommendations, and the promise of service reliability. "They want to consume TV live or on demand". "To do this, we've worked closely with our network and affiliate partners to evolve TV for the way we watch today".

The service will launch first in major USA markets where local television content can be provided, with YouTube working to quickly expand availability, according to Wojcicki. In total, YouTube TV gives you access to more than 40 networks, listed below.